Description

NSE notification for listing of commercial papers and other debt securities from various issuers including HDFC Securities, Deutsche Investments, Godrej Industries, IIFL Finance, SIDBI, Motilal Oswal, Nirma, Alpha Alternatives, and Sammaan Capital.

Summary

NSE has admitted privately placed debt securities to trading on its Debt Market Segment effective December 10, 2025. The circular lists commercial papers from 7 issuers totaling ₹80,800 crores face value and other debt securities from 2 issuers worth ₹4,764.3 crores face value. All securities were allotted on December 8-9, 2025 with various maturity dates ranging from March 2026 to December 2030.

Key Points

  • Total of 9 issuers listed debt securities on NSE Debt Market Segment
  • 7 commercial paper issuances with 3-12 month tenures
  • SIDBI issued the largest CP tranche with 122,500 securities (₹61,250 crores face value)
  • 2 other debt securities: Alpha Alternatives market-linked debenture and Sammaan Capital fixed-rate debenture
  • All securities effective for trading from December 10, 2025
  • Issue prices ranged from 93.30% to 100% of face value for commercial papers
  • Face value of ₹5 lakhs for all commercial papers

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification under Regulation 3.1.1 of NSE Debt Market (Trading) Regulations.

Compliance Requirements

No new compliance requirements. This is an informational circular notifying market participants of newly listed debt securities available for trading.

Important Dates

  • Effective Date: December 10, 2025
  • Allotment Dates: December 8-9, 2025
  • CP Redemption Dates: March 9-10, 2026 and December 8, 2026
  • Debenture Redemption Dates: July 23, 2030 (Alpha Alternatives) and December 9, 2030 (Sammaan Capital)
  • Call/Put Option Date: July 1, 2030 (Alpha Alternatives market-linked debenture)

Impact Assessment

Minimal market impact. This is a routine listing notification that adds liquidity to the debt market segment. The securities are privately placed and already allotted to investors. The listing provides secondary market trading opportunities for existing holders. No impact on equity markets or broader market operations. Investors in debt securities can now trade these instruments on the exchange platform.

Impact Justification

Routine listing notification for privately placed debt securities with no regulatory changes or compliance requirements for market participants